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Tuesday's trading session featured earnings reports from several notable
retail giants.
Wal-Mart
- Wal-Mart Stores Inc WMT earned $1.30 per share in the fourth quarter on revenue of $130.94 billion.
- Analysts were expecting the retail giant to earn $1.29 per share on revenue of $131.22 billion.
- Of particular note, Wal-Mart's U.S. e-commerce sales rose 29.0 percent and gross merchandise value (GMV) rose 36.1 percent on a year-over-year basis.
- Wal-Mart guided its first-quarter 2018 earnings per share to a range of $0.90 to $1.00 and $4.20 to $4.40 for the full year.
- Analysts were expecting the company to earn $0.96 per share in Q1 and $4.33 per share for the full year.
- Doug McMillion, president and CEO of Wal-Mart commented: "We're moving with speed to become more of a digital enterprise and better serve customers. We had a very solid fourth quarter with U.S. comp sales growth of 1.8 percent and U.S. e-commerce GMV growth of 36 percent."
- Wal-Mart's stock gained more than 3 percent to trade at $71.69.
Home Depot
Macy's
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Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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Posted In: EarningsNewsGuidanceMoversCraig MenearDoug McMillionEarningsretailretail earningsretailersTerry Lundgren
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